Oct 11, 2012 7:00am PDT
military communications equipment destined for syrian government forces. the flight originated in moscow. >>> new trouble this morning for the massachusetts drug company linked to the outbreak of meningitis, but has killed 12 people and sickened more than 130 others. massachusetts governor duvall patrick says the new england compounding center may have misled regulators and worked outside the parameters of its state license. the framingham-based pharmacy made steroid injections that were found to be contaminated with the fungal strain of meningitis. the company has since shut down. >>> now let's head to wall street. cnbc's kayla tausche is here for us. foreclosures at a five-year low? >> that's right, natalie. foreclosures declined again in september, continuing a two-year decline, and hitting the lowest point since before the financial crisis as home prices are rising. but not all states saw improvement. more than two dozen states have more than the average of distressed homes. >>> in europe, fears of recession are growing as spain's credit rating is cut. >>> and also on wall street, th
Oct 10, 2012 7:00am PDT
of the year, as you said, there's spending cuts that affect more than 1,000 government programs. >> mandated. >> absolutely. that could go into effect. tax cuts set to expire, including the bush tax cuts and the payroll tax cut. combined, all of these things could wipe about 5% growth off the economy, throw us into recession and the tax increases from 90% of americans. >> that sounds like the doomsday scenario. i mentioned there's been a stalemate so far, but the pressure is going to month on both sides to get something done. what's the likelihood we end up falling off this fiscal cliff? >> it's teetering right now. we've got eight senators, democrats and republicans, meeting behind closed doors in mt. vernon trying to come to some sort of a compromise, but there are other people who suggest that if we're allowed to go over the cliff, their negotiating power from both sides gains strength. >> let's break this down to the average person and the average family, all right. describe for me what happens to people at various income levels if all of these things actually fall into place. >> so, we'
Oct 8, 2012 7:00am EDT
by the government. many of his supporters say they will leave venezuela, likely destination, the united states. >> i love venezuela. we'll continue fighting for freedom. >> reporter: president hugo chavez is battling cancer. were it to take his life in the first four years of his life the vice president would serve for only 30 days, just enough time to stage a new election. natalie? >> kerry sanders in caracas, venezuela. thank you, kerry. >>> at least 27 new cases of fungal meningitis emerged as the deadly outbreak linked to steroid injections spreads to nine states. 91 people are now infected as the new england drug company that produced those injections widens its recall. the steroid is frequently used to treat back pain, and authorities say thousands of patients may have been injected with drugs made at the affected facility. >>> a plea deal today for the former cincinnati bengals cheerleader facing sexual abuse charges. the agreement will allow sarah jones to avoid a trial slated to begin wednesday. the 27-year-old jones is expected to serve probation but no jail time for having a sexual relati
Oct 9, 2012 7:00am PDT
, they are not governed or watched over by the fda. they are looked at by states. this pharmacy was turning out batches of tens of thousands of vials of steroids. that's not to me a compounding pharmacy. they are now manufacturing, and i fear that they are going to give good compounding pharmacies a bad name, and i think it basically from their behavior so far, they are an outlier. >> they released a statement after shutting down, basically recalling all of its products. on the website it says while there is no indication at this time of any contamination in other necc products, this recall is being taken as a precautionary measure. in light of this, i mean, how worried should patients be? >> look, if you have had any steroid injected into your back from june on, call your doctor. if you are a physician and you've injected steroids to somebody, call your patient. check and make sure that there is a transfer of information, and if you have a family member and have symptoms and may not put it all together, this is a time for the entire country to be on heightened alert. these numbers will go up before th